How blockchain technologies impact your business model
By Vida J. Morkunas, Jeannette Paschen, Edward Boon. Business Horizons, 2019
556 citations recorded by the source corpus.
Abstract Much of the attention surrounding blockchain today is focused on financial services, with very little discussion about nonfinancial services firms and how blockchain technology may affect organizations, their business models, and how they create and deliver value. In addition, some confusion remains between the blockchain (with definite article) and blockchain (no article), distributed ledger technologies, and their applications. Our article offers a primer on blockchain technology aimed at general managers and executives. The key contributions of this article lie in providing an explanation of blockchain, including how a blockchain transaction works and a clarification of terms, and outlining different types of blockchain technologies. We also discuss how different types of blockchain impact business models. Building on the well-established business model framework by Osterwalder and Pigneur, we outline the effect that blockchain technologies can have on each element of the business model, along with illustrations from firms developing blockchain technology.
Subfields: Information Systems, Management Information Systems, Strategy and Management
View Paper: https://www.semanticscholar.org/paper/491d381f959c8274035d15b1291a72211b501462
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In Information Systems
In Strategy and Management
Citations in the corpus
- Integrated digital twin and blockchain framework to support accountable information sharing in construction projects (2021, background): “As a result, any information can be shared securely and transparently [8], which makes all information sharing in the digital twin accountable.”
- Blockchain technology in supply chain management for sustainable performance: Evidence from the airport industry (2020, background): “Indeed, it appeared for the first time in 2008, and it was implemented in 2009 (Nakamoto, 2008), but its identity was not clarified and formalised then.”